Developers

From predevelopment to construction and fit-up, MassDevelopment provides financing for real estate projects at every stage. We also help transform blighted and abandoned properties into high demand commercial and residential developments. And in key locations around the state, we own and manage properties for a variety of uses.

Site Readiness Program
The Site Readiness Program aims to boost the Commonwealth’s inventory of large, well-located, project-ready sites; accelerate private-sector investment in industrial and commercial projects; and support the conversion of abandoned sites and obsolete facilities into clean, actively-used, tax-generating properties.

Predevelopment Financing

The Brownfields Redevelopment Fund
This fund provides up to $100,000 for assessment of brownfields properties in Economically Distressed Areas (EDAs). You can also get loans with flexible terms up to $500,000 to clean up contaminated sites.

Commercial Real Estate Financing

Mortgage Insurance Guarantees
MassDevelopment can issue a guarantee to your bank, allowing you to receive a higher advance rate on a real estate loan. The maximum guarantee is $2,000,000.

Public Infrastructure Financing

Tax-Exempt Bonds for Public Infrastructure
We issue tax-exempt bonds for improvements to roadways, sidewalks, parks, parking garages, bridges, tunnels, wharves, and a range of public facilities. Infrastructure programs that use our tax-exempt financing include: